7 The following data is provided for AZ Company: B Debits 9 Cash 10 Accounts receivable 11 Inventory 12 Equipment 13 Land 14 Treasury Stock * 15 2021 19,000 36,000 24,000 170,000 136,000 15,000 $ 400,000 2020 $ 9,000 22,000 35,000 90,000 105,000 9,000 $ 270,000 Change 10,000 14,000 (11,000) 80,000 31,000 6,000 16 Credits 18 Accumulated depreciation $ 45,000 S 19 Accounts payable 23,000 20 Taxes payable 8,000 21 Bonds payable 115,000 22 Common Stock. $10 par 80,000 23 Paid-in-capital 30,000 24 Retained earnings 99,000 25 S 400,000 S 26 27 Other data for the year: 28 1. Net income amounted to $55,000 for 2021 29 2. Equipment costing $100,000 was purchased. 30 3. Dividends declared and paid amounted to $16,000. 31 4. Equipment costing $20,000 was sold for $4,000 when the 32 equipments' book value was $7,000. 33 5. Other changes in the non-cash accounts resulted from the 34 usual transactions recored in those accounts 35 29,000 19,000 15,000 70,000 60,000 17,000 60,000 270,000 16,000 4,000 (7,000) 45,000 20,000 13,000 39,000 JU 37 REQUIRED: 38 a) Complete the cash flow worksheet (Use the T-Accounts provided). 39 Note: Include all labels for each entry. 40 HINT: You must compute the depreciation expense after recording the gain or loss on the sale of equipment. 43 b) Prepare the formal Statement of Cash Flows for the year ending 2016. Note: The Statement of Cash Flows must be prepared formally, 45 LLL ENORRRRRRRRRRRRR 23 DI